(Google Maps) Clothing retailer Aritzia Inc. is closing all of its stores until further notice as businesses . While successful in keeping its team intact, the move received mixed reviews from its online community. Cant wait to see you soon. Aritzia is significantly increasing precautionary measures to ensure the well-being of its Concierge and Distribution Centre employees. permissions/licensing, please go to: www.TorontoStarReprints.com. Well do our best to help. This article will answer your questions about the Walmart return policy, including the COVID-19 changes, and bring you the latest updates. In addition to the sales revenue contributed to ACRF, the brand took a two-pronged approach internally first, by temporarily cutting senior leadership's pay by 25 percent; and second, by forfeiting the cash portion of Board of Directors' fees, according to Aritzia's Q4 Results. It also partnered with Good360, the global leader in product philanthropy and purposeful giving, to gift Aritzia Community Relief Packages to those battling on the virus frontlines. Its Time For A Dress Refresh Shop The 9 Biggest Styles For Spring, How Dressing Weird Became The Ultimate Fashion Flex, TZR Editors Share The Fashion Trends They Are Investing In For Spring, Diors Fall/Winter 2023 Collection Was A Nod To Strong Women In History. The Company will continue to strategically invest in critical infrastructure across its people, processes, and technology. This year it's running from August 31 to September 5. Aritzia says it's increasing precautionary measures to ensure the well-being of its concierge and distribution centre employees. Key trends are edited and a curated collection of women's brands, many of which are exclusive to Aritzia, evolve each season. It looks like youre not in the USA. All of Aritzia's profits, while we get through this challenging time, will go to the Aritzia CommunityTM Relief Fund to pay our people and support their families. "Our goal is to do our part for the global well-being. As we navigate this complex and challenging landscape, we feel this is the best decision for our people, our clients, our partners and our community as a whole," said Brian Hill, Founder, Chief Executive Officer and Chairman. "Well take those learnings into account as we move forward." Aritzia started a phased reopening of stores on May 7. All sale and discounted items bought in store are final sale. Clients will be able to continue shopping Aritzia's Everyday Luxury offering through aritzia.com for the time being. Aritzia is also giving customers the chance to purchase a set for healthcare heroes with a "You Get, We Give" initiative. As we navigate this complex and changing landscape, were being challenged on a daily basis. Newspapers Limited, 8 Spadina Avenue, 10th Floor, Toronto, ON M5V 0S8. As we take extra precautions to keep our people safe, it may take us slightly longer than usual (1014 days) to issue your refunds. To our people, Im incredibly proud of all of your hard work, commitment and flexible endurance. They have invested in digital capabilities like personalization, size optimization and convenient payment options, and are delivering a high-touch, elevated in-store experience. Our boutiques are officially reopening. (To date in fiscal year 2021, which started March 2, 2020, Aritzia has opened two new boutiques and expanded or repositioned two existing boutiques in Canada, and opened five new boutiques and expanded an existing one in the United States. While 2020 has posed unprecedented challenges, its also illuminated all that we have to be so thankful for. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Aritzia to Release Third Quarter Fiscal 2023 Financial Results, Aritzia Presents its Fiscal 2027 Strategic and Financial Plan, Powering Stronger. Given this unprecedented period of uncertainty, there can be no assurances regarding: (a) the length of time Aritzia's retail locations will be closed as a result of COVID-19; (b) the COVID-19-related impacts on Aritzia's business, operations and performance, including its ability to remain on track to meet or exceed its stated fiscal 2021 performance targets, (c) Aritzia's ability to mitigate such impacts; (d) credit, market, currency, operational, and liquidity risks generally; and (e) other risks inherent to Aritzia's business and/or factors beyond its control which could have a material adverse effect on the company. Reopened stores have exceeded the companys expectations so far, said Hill, noting the company is viewing the second quarter with cautious optimism as we prepare for a period of recovery., During the first five weeks of the quarter, reopened stores have performed at 55 per cent to 65 per cent of last years revenue levels, he said, calling that well above our initial expectations., We dont know what the new normal will hold until sometime next year.. Aritzia Exchange Policy. Despite near-term uncertainties, Aritzia's management team remains confident in the fundamentals of the Company's business model and long-term growth opportunities. Thanks to our Aritzia Community Health & Safety team and the enormous efforts of so many including each and every one of you there has been no confirmed community-spread of the COVID-19 virus within any of Aritzias spaces. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. The Company's expansive and diverse range of women's fashion apparel and accessories addresses a broad range of style preferences and lifestyle requirements. With an engaged Instagram community of over 1.1 million fans and a robust e-commerce infrastructure, the brand managed to stay top of mind during the pandemic and its e-commerce site saw significant growth. It beat expectations as it reported a net loss of $26.5 million for the first quarter ended May 31, down from a net income of $16.2 million in the same quarter last year, which ended June 2, 2019. Aritzia closing all stores until further notice due to COVID-19 | CBC News Loaded. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated May 9, 2019 for the fiscal year ended March 3, 2019 (the "AIF"). Sale items marked with a discount less than 50% can be returned for merchandise credit on an eGift Card if returned within 14 days of the shipping date. Steady, now. That compares with it generating $226.2 million in e . To order The Company cautions that the list of risk factors and uncertainties described above and in the AIF is not exhaustive and other factors could also adversely affect its results. Aritzia's popular TNA sweatsuit, Photo Credit: Courtesy of Aritzia. Strategic real estate choices have also always been important to the brand, and Aritzia is growing in that realm and making power moves. For more information on Afterpay, please see our Afterpay FAQ. To order copies of Jennifer Wong, President and COO of Aritzia, Photo Credit: Evaan - https://evaan.com. ARITZIA LAUNCHES $20 MILLION PROGRAM TO GIFT CUSTOMIZED CLOTHING TO CANADIAN HEALTHCARE WORKERS like Jennifer Lopez, Kendall Jenner and Hailey Bieber, covet the brand's everyday luxury looks. Returns are free within the US when signed into your Aritzia account. I received an email/phone call letting me know my order has arrived in-store, can I go pick it up? Aritzia has also enjoyed well-deserved celebrity hype: The Super Puff puffer jacket, which was first released in 2018, has been worn by Ariana Grande, Kendall Jenner, Hailey Bieber, and Margot Robbie, catapulting it to fashion icon status. Please reference the appropriate carrier website for hours of operation and accessible return drop off locations. In response to the evolving COVID-19 pandemic, Aritzia will be closing all of its retail locations until further notice as of Monday, March 16th, 2020. Covid-infected workers forced to isolate at home without sick leave will again be able to claim up to $750 in pandemic pay from this week. The Company cautions that the list of risk factors and uncertainties described above and in the AIF is not exhaustive and other factors could also adversely affect its results. Keep reading to see a few more appreciative posts, and then check out the sets you can send to a loved one or hero in need. After 30 days, we will no longer accept returns. All sale and discounted items bought in store are final sale. Don't rely on consumers to do the job you should be doing. In our few workspaces that do remain open, we are taking industry-leading precautions to keep our teams healthy and safe. Aritzia stock is trading at the next 12-month price-to-earnings multiple of 20.4, which is lower than its historical average of about 25.8, offering a good entry point. All Rights Reserved. Here at Aritzia, you, our loyal clients, are at the heart of what we do and why we do it. The Company's expansive and diverse range of women's fashion apparel and accessories addresses a broad range of style preferences and lifestyle requirements. When typing in this field, a list of search results will appear and be automatically updated as you type. The brand declined to comment on this shift in sizing. Until then, well be right here online and at your service. The chief executive of popular Canadian clothing chain Aritzia Inc. said the retailer has experienced few supply chain disruptions despite most of its materials coming from the world's most virus-ravaged countries. Sorry, no refunds to original form of payment for sale or discounted items. As POPSUGAR editors, we independently select and write about stuff we love and think you'll like too. After the Black Lives Matter protests last summer, Aritzia started by investing $1 million to expand and strengthen its Diversity and Inclusion Program and established an Executive Diversity and Inclusion Committee led by Wong.

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